Sunday, November 24
The 2QFY25 earnings season reveals steady, albeit selective growth across sectors, with notable resilience outside of commodities.Despite some challenges, core sectors such as BFSI, technology, real estate, utilities, telecom, and healthcare have shown healthy performance, supporting overall earnings stability.Earnings for Nifty companies were flat on a year-over-year basis, largely due to the commodity sector's drag, especially in metals and oil & gas (O&G).However, when excluding these global cyclical sectors, Nifty’s earnings saw a moderate growth rate, underscoring the strength in India's domestic demand drivers.Within BFSI, private and public sector banks played a vital role, even though some margin compression was observed. The broader financial sector continues to see soli
Expanding its network and tapping group synergies, Air India Express will focus on connecting smaller cities and towns with metros as well as fly to new overseas destinations, according to senior officials. The airline, which recently completed the merger of AIX Connect with itself, has a fleet of around 90 aircraft and the count is expected to cross 110 by the end of this fiscal. It also aims to fly to a total of 55 destinations by the end of March 2025 and has also rationalised its network as part of Air India Group strategy. Apart from adding domestic routes, the Tata Group-owned airline will start flights to more foreign destinations, including Bangkok and Phuket in Thailand, the officials said. Air India Express Managing Director Aloke Singh said the airline will focus on Tier 2 an
